Gurgaon is one of India's major outsourcing hubs, housing major multinationals such as Agilent , Alcatel, American Express, British Airways, Convergys, eFunds, Ericsson, Fidelity Investments, General Electric, HCL technologies, Hewitt , Hindustan Lever Limited (the Indian division of Unilever ), IBM, IBM Daksh, Keane, Niksun Incorporated, Siemens, Vertex and Exchanging. Other reputable companies such as Aviva, Citibank, Coca-Cola, GSK, General Motors, Gilette, HP, Hitachi Metals, Microsoft, Nestle New York Life, Nokia , Pepsi , Trinity BPM, Xerox , etc. have made Gurgaon their corporate headquarters. The biggest car and motorcycle manufacturers in India, namely Maruti Udyog and Hero Honda also have plants in Gurgaon.
MVL, the real estate division of consumer Electronics Company Media Video Ltd, is launching a Rs 200 crore IT Park project with the name of ' Softech Village ' in Gurgaon.
Delhi and NCR is emerging as an attractive outsourcing destination to major global companies around the world in IT and ITES and the real estate sector is one of the major beneficiaries.
Nearly 75% of the commercial demand in the Gurgaon region is from IT and ITES companies, 20% of Fortune 500 companies have already set up their operational base in Gurgaon.
Why to invest in Delhi
- Delhi is gearing up for the 2010 Commonwealth games. Commonwealth Games is expected to have a positive impact on the real estate sector.
- The Gurgaon Expressway and Metro Rail may add zing to the realty business in Delhi and nearby areas.
- IT and ITES firms remains the happy trigger for real estate around Delhi . Nearly 75% of commercial demand ( leasing ) in the region is from IT/ITES companies, which occupy about 20 million square feet of space. Industry professionals agree that job creation for thousands of people in Gurgaon has really made a difference to the real estate scene here.
- In the past 12 months or so, residential values have moved up in the range of 10 to 50% in Delhi and suburbs.
- Foreign direct investment in the sector alone is expected to be nearly $16 billion over the next five to six years.
- In suburbs such as Gurgaon and Noida, real estate investments have offered stupendous returns in the past two years. Indicatively, the average capital value in Gurgaon rose from Rs 1,100-1,600/sq.ft in 2002 to Rs 1,400-2,800/sq.ft in April this year; since then, it has appreciated further to Rs 1,500-3,000/sq.ft.
- Gurgaon, a satellite city of Delhi for instance, has registered a 40 to 50 per cent increase in property prices over the past 18 months. According to estimates, demand from the IT/ITES (IT enabled services) sector alone is expected to be 14 million sq m. (150 million sqft) of space across the major cities by 2010.
All real estate sectors, residential, commercial and retail are currently witnessing huge growth in demand. New customer segments are emerging. The residential market is not only witnessing huge growth, thanks to easy availability of finance.
Similarly, in the retail segment, as the market grows exponentially, newer and larger formats along with the likely entry of global retail giants in the Indian market will necessitate greater variety and maturity in the retail real estate market. Mall developers are already adapting to local cultures and traditional preferences. Some new genres of malls are the automobile mall, the Gold Souk and the wedding mall, which are one-stop shopping destinations for what their name describes.
Buy-Properties has a large network of consultants spread all over India and especially in Delhi, who can assist you in finding the best options for setting up your retail showrooms, warehouses and godowns.
Buy-Properties makes it possible for you to find apartments, bungalows and other kinds of accommodation options for rent or sale, in the prime locations, in and around Delhi ..